Key Factors Driving Land Price Appreciation in Sohna Since 2019
Sohna property prices have risen sharply over the years. Current land pries are around Inr 7000-8000 PSF and has almost doubled in the last 3-4 years, making Sohna also a haven for real estate investors as well, besides end users. There are multiple factors driving the property bull run in the Sohna market.
Firstly,
Sohna located in the south of Gurgaon is an affordable market. Despite hike in
property prices, it is still a much cheaper option compared to other parts of
Gurgaon. For instance, even in relatively newer location such as Golf Course
Extension Road, the average land rates are Inr 23- 30,000 PSF, which is much
higher than Sohna. As a result, Sohna is becoming a popular hub for villa, low
rise, and high-rise gated developments. A large number of households are now
siting to Sohna in search of affordable yet quality living. Big developers such as Central Park,
Signature Global, Ganga Realty and Paras have launched coveted projects in the
Sohna region.
Secondly,
Sohna enjoys great connectivity with other parts of NCR. After opening of the
Sohna Gurgaon freeway, its connectivity with Gurgaon has improved multiple
times. It is part of the DMIC & Delhi Mumbai Expressway. This puts it in
close to proximity to a slew of major projects and corridors such as KMP, Jewar
Airport, Delhi Agra Expressway, WDFC, etc.
Thirdly,
Sohna shows promising prospect as a commercial region. It is drawing numerous
manufacturing, tech, BFSI and other enterprises. Sector 5, 36 and 47 has been
earmarked as commercial sectors in Sohna and will be dedicated to business
activities.
Besides,
one factor that is overlooked is the natural beauty of Sohna. The region of
Sohna offers tranquil environs to the resident as its is abound with green
patches, lakes, springs and temples. Many households who would like to shun the
hustle bustle of main Gurgaon, Sohna might be a viable option. It is more
peaceful and closer to nature, at least at this point of time.
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